SpareBank 1 Nord-Norge - First Quarter report 2003 - The Group
Main features:
Pre-tax operating result totals NOK 59 million for the first 3 months.
NOK 13 million net losses on securities.
Earnings from the sale of insurance products remain substantial.
Overall costs in line with budget plans for 2003.
NOK 15 million set aside for non-specific credit losses.
Good deposit- and loan growth within the retail banking market.
The Bank now has some 63,000 NettBank (Internet-related) customers.
The after-tax return on equity capital ended up at 9.19 per cent.
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